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Lazar Radic

Lazar Radic is a senior scholar for competition policy at the International Center for Law & Economics, and an adjunct professor of law at IE University. Lazar is a qualified lawyer and has worked in band one law firms in Spain and Serbia, both in the competition law department. He holds degrees in Law and Political Science from the University of Madrid, LL.Ms from the University of Amsterdam (EU and International Law, Cum Laude) and the European University Institute (Comparative and International Laws). Lazar’s PhD, also from the European University Institute, explored the intersection between political philosophy and competition law.
Antitrust and Competition

The Necessity of a Consumer Welfare Standard in Antitrust Analysis

Nicolas Petit
As a goal of antitrust, the consumer welfare standard has borne unfair attacks, which we refuted in a previous article. In this second article, we explain how the consumer welfare standard, understood as a method rather than as a set of goals, enables antitrust authorities and courts to navigate the inherent ambiguities of the competitive process and facilitate procompetitive outcomes.
Antitrust and Competition

Four Misconceptions About the Consumer Welfare Standard

Nicolas Petit
Nicolas Petit and Lazar Radic refute common critiques of the consumer welfare standard. A second article will discuss the advantages and disadvantages of different antitrust standards, underscoring some points often ignored by the critics of the consumer welfare standard.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.